Financing ·
Albemarle enters $1.5 billion unsecured revolving credit facility maturing in 2031
ALB-PAAlbemarle Corp
On October 29, 2026, Albemarle Corporation entered into a new $1.5 billion unsecured revolving credit agreement with JPMorgan Chase Bank as administrative agent. The facility matures on October 29, 2031 and bears interest at variable rates based on applicable benchmarks plus margins tied to the company's credit ratings. Concurrently, the company terminated its existing Amended and Restated Credit Agreement dated October 28, 2022, which was scheduled to mature in October 2028. The new agreement includes customary covenants and a financial leverage ratio requirement of less than or equal to 3.50:1.00. Albemarle Corporation operates in the specialty chemicals industry, focusing on lithium compounds for energy storage.